Jennison Associates Portfolio holdings
Jennison Associates, founded in 1969 and headquartered in New York City, is a global investment management firm managing over $194 billion in assets as of late 2024, specializing in active equity and fixed-income strategies. A subsidiary of PGIM, the asset management arm of Prudential Financial, Jennison serves a diverse client base—including institutions, sub-advisory clients, public plans, endowments, and corporations—with a focus on fundamental research, bottom-up portfolio construction, and high-conviction investing. Known for its equity expertise across styles, geographies, and market capitalizations, as well as investment-grade fixed-income offerings, the firm employs seasoned portfolio managers averaging 29 years of industry experience and 16 years with Jennison. With additional offices in Boston and a culture emphasizing intellectual rigor and long-term client outcomes, Jennison has built a reputation for excellence and stability in the investment management industry.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$1.15B |
| 2 |
Snowflake
SNOW
|
+$725M |
| 3 |
Roblox
RBLX
|
+$671M |
| 4 |
Atlassian
TEAM
|
+$520M |
| 5 |
Sea Limited
SE
|
+$466M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Meta Platforms (Facebook)
META
|
+$1.75B |
| 2 |
DOCU
DocuSign
DOCU
|
+$1.48B |
| 3 |
Twilio
TWLO
|
+$985M |
| 4 |
Carvana
CVNA
|
+$937M |
| 5 |
Visa
V
|
+$797M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 35.54% |
| 2 | Consumer Discretionary | 24.29% |
| 3 | Communication Services | 13.9% |
| 4 | Healthcare | 8.84% |
| 5 | Financials | 7.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
526
Innoviva
INVA
$1.53B
| $2.18M | ﹤0.01% |
126,158
+51,742
| +70% | +$881K |
|
|
SEM
527
DELISTED
Select Medical
SEM
| $2.17M | ﹤0.01% |
137,093
+22,728
| +20% | +$388K |
|
528
Ethan Allen Interiors
ETD
$598M
| $2.16M | ﹤0.01% |
82,207
+28,816
| +54% | +$704K |
|
529
EXL Service
EXLS
$5.19B
| $2.15M | ﹤0.01% |
74,405
-6,715
| -8% | -$177K |
|
530
Old Dominion Freight Line
ODFL
$44B
| $2.15M | ﹤0.01% |
11,978
+6,178
| +107% | +$1.04M |
|
531
C.H. Robinson
CHRW
$17.3B
| $2.14M | ﹤0.01% |
+19,904
| New | +$1.93M |
|
532
Endava
DAVA
$163M
| $2.12M | ﹤0.01% |
12,628
+5,296
| +72% | +$820K |
|
533
Cadence Design Systems
CDNS
$92.6B
| $2.12M | ﹤0.01% |
+11,372
| New | +$1.98M |
|
534
Aramark
ARMK
$14.9B
| $2.12M | ﹤0.01% |
79,621
-53,105
| -40% | -$1.39M |
|
535
Matsons
MATX
$6.28B
| $2.08M | ﹤0.01% |
23,134
-3,016
| -12% | -$257K |
|
536
Oracle
ORCL
$409B
| $2.04M | ﹤0.01% |
23,440
-30,538
| -57% | -$2.87M |
|
537
Murphy Oil
MUR
$5.55B
| $2.04M | ﹤0.01% |
78,250
+37,257
| +91% | +$1.03M |
|
538
Jack in the Box
JACK
$324M
| $2.04M | ﹤0.01% |
23,313
-470,525
| -95% | -$43.7M |
|
539
International Bancshares
IBOC
$4.74B
| $2.02M | ﹤0.01% |
47,554
-1,033
| -2% | -$44.3K |
|
540
Robert Half
RHI
$3.96B
| $1.96M | ﹤0.01% |
17,584
-473
| -3% | -$52.7K |
|
541
SITE Centers
SITC
$174M
| $1.96M | ﹤0.01% |
158,711
-17,272
| -10% | -$217K |
|
542
UMB Financial
UMBF
$11.2B
| $1.96M | ﹤0.01% |
18,429
-401
| -2% | -$41.4K |
|
543
Commercial Metals
CMC
$7.77B
| $1.95M | ﹤0.01% |
53,736
-2,976
| -5% | -$98.6K |
|
544
Korn Ferry
KFY
$4.21B
| $1.92M | ﹤0.01% |
25,365
+6,878
| +37% | +$528K |
|
|
BBT
545
Beacon Financial Corp
BBT
$2.69B
| $1.92M | ﹤0.01% |
67,502
+10,005
| +17% | +$277K |
|
546
Vishay Intertechnology
VSH
$5.43B
| $1.88M | ﹤0.01% |
86,149
+32,498
| +61% | +$667K |
|
|
HA
547
DELISTED
Hawaiian Holdings, Inc.
HA
| $1.86M | ﹤0.01% |
101,182
-982
| -1% | -$19.9K |
|
|
CADE
548
DELISTED
Cadence Bank
CADE
| $1.83M | ﹤0.01% |
+61,551
| New | +$1.86M |
|
549
Ziff Davis
ZD
$1.99B
| $1.79M | ﹤0.01% |
16,162
-2,833
| -15% | -$336K |
|
550
Coca-Cola
KO
$374B
| $1.74M | ﹤0.01% |
+29,434
| New | +$1.64M |
|
Similar funds
Jennison Associates's Q4 2021 Portfolio in Review
As of Q4 2021, Jennison Associates held 746 positions worth $158B, up 2% from $155B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Jennison Associates withdrew a net $5.22B in Q4 2021, closing 93 positions and reducing 314 holdings. Its most notable exit was DocuSign, an estimated $1.48B position sold in full.
By sector, the portfolio is most concentrated in Technology at 36% of assets, up from 35% a quarter earlier, followed by Consumer Discretionary and Communication Services.
Against the trend, Jennison Associates opened a new position in NXP Semiconductors worth $122M.
- Jennison Associates's largest Q4 2021 buy was NXP Semiconductors: 536,962 shares worth $122M.
- Jennison Associates added most to Salesforce in Q4 2021, an estimated $1.15B increase.
- Jennison Associates's biggest Q4 2021 reduction was Meta Platforms (Facebook), cutting an estimated $1.75B.
- Jennison Associates fully exited DocuSign in Q4 2021, selling an estimated $1.48B.
- Jennison Associates's ten largest holdings make up 42% of its $158B portfolio in Q4 2021.
- Jennison Associates opened 85 new positions and closed 93 in Q4 2021.
- Jennison Associates's portfolio value rose 2% quarter-over-quarter to $158B.
Based on Jennison Associates's 13F filing for Q4 2021, filed 8 Feb 2022.